ZAGREB, 18 June 2021 - The Three Seas Initiative Investment Fund (3SIIF) has so far raised €1 billion to be used for investing in infrastructure projects, a virtual conference organised by the Croatian Bank for Reconstruction and Development (HBOR) heard on Friday.
The aim of the conference was to illustrate the features of the 3SIIF and the opportunities it offers in terms of financing infrastructure investments.
The fund aims to raise three to five billion euro for this purpose from institutional and private investors, while the goal is to reduce disparities in infrastructure quality in relation to Western Europe as well as generate a profit for investors through investments in the fastest growing region in the EU.
"So far, the Fund has raised more than 900 million euros to be used for investing in infrastructure projects that contribute to security and diversity of energy supply, economic, traffic, social and digital connectivity of the Initiative member countries as well as stronger EU integration by reducing disparities in infrastructure quality," HBOR said in a press release.
The conference was opened by HBOR CEO and 3SSIF supervisory board member Tamara Perko, while Croatia's Foreign and European Affairs Minister Gordan Grlić Radman addressed the conference via video link.
The Three Seas Initiative is a forum of twelve states in the European Union, along a north–south axis from the Baltic Sea to the Adriatic Sea and the Black Sea in Central and Eastern Europe.
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